Payroll Year End: Are you ready?
Payroll year end is fast approaching and now is the time to act to ensure you have put plans in place to ensure your payroll team are prepared. One of the key things to remember is that you must report to HMRC on the previous tax year by 19 April. At the same time it...
HMRC confirm R&D offset position
HMRC’s policy team have issued some good news to businesses with the confirmation that R&D tax credit repayment claims will not be subject to offset against tax deferred under a coronavirus scheme. This means that if your business has, for example, deferred its...
HMRC waives late self-assessment penalties by one month
HMRC has delayed late filing and payment penalties for self-assessment taxpayers by one month to help them cope with pressures caused by the pandemic. The tax year ends on the 5th of April each year with tax returns filed electronically due by the following 31st...
HMRC write off £4.3bn in Covid payments lost to fraud
HMRC are expecting to recover £1 of every £4 stolen from the public purse by fraudsters during the pandemic. In figures published last week a total of £4.3 billion has been written off. This represents c74% of the total £5.8 billion that was stolen from its emergency...